SAI PROFICIENT RESEARCH DAILY EQUITY REPORT
12-4-2016 INFO@SAIPROFICIENT.COM SUPPORT@SAIPROFICIENT.COM
+919981999934, +919755855566
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (12/4/2016)}
MARKET OUTLOOK
Sun Pharma gets USFDA nod for eye inflammation drug "As per IMS MAT January 2016, the US NSAID ophthalmic market grew by 8 percent, generating approximately USD 400 million in sales and about 4 million prescriptions, providing an attractive market for Sun Pharma to participate," it added. TATA Steel UK admits to unfit testing & certification actions, Tata Steel has admitted to finding certain inappropriate testing and certification procedures at its South Yorkshire-based Specialty Steels in an internal audit. Speciality Steels business of Tata Steel Europe is focused on offering carbon, alloy and stainless steels designed to meet the needs of some of the world's most demanding applications from aerospace, oil and gas and power generation to heavy good vehicles. Bharti Airtel -Acquires 4G spectrum rights from Aircel for 8 circles for Rs 3,500 crore -Acquires 4G spectrum for Tamil Nadu, Bihar, J&K, West Bengal, Assam circles -Acquires 4G spectrum for North East Andhra Pradesh, Odisha, Chennai circles -Right to use Andhra Pradesh, Odisha spectrum subject to revision of spectrum cap Company to become Pan-India 4G operator post spectrum acquisition from Aircel -Acquires right to use 20 MHz, 2300 band 4G TD spectrum for 8 circle Tata Motors -JLR to recall over 36000 units in China -Recall carried out Jaguar XF and XJ models owing to issues in the engine DLF promoters begin process to sell 40 percent in rental arm for up to Rs 14,000 crore
2
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (12/4/2016)}
NIFTY50 .“NSE NIFTY GAINED TO
HOLD 7580.25 LEVEL IN TRADE TODAY, UP (+116.20) POINTS CLOSE AT 7702”
MARKET OUTLOOK: Nifty likely to open in the GREEN ON STRONG Asian trade In other asset classes, crude prices extended a surge on hopes that a global oversupply may be approaching a tipping point after nearly two years. The gold prices gained to USD 1250 an ounce...
3
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (12/4/2016)}
OBSERVATION:Nifty closed at 7671.40 with a GAIN of (+116.20) points. On the daily chart the index has formed a Bullish candle indicating positive bias.The index is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. The chart pattern suggests that if Nifty crosses and sustains above 7680 level it would witness buying which would lead the index towards 7700-7740 levels.However if index breaks below 7650 level it would witness selling which would take the index towards 7630-7600 Nifty continues to remain in an uptrend in the short to medium term, so buying on dips continues to be our preferred strategy. The daily strength indicator RSI is moving downwards and above its reference line indicating pnegative bias. However momentum oscillator Stochastic has turned negative from the overbought zone indicating a possible consolidation or a down move in the near term The trend deciding level for the day is 7680. If NIFTY trades above this level then we may witness a further rally up to 7700-7740 levels. However, if NIFTY trades below 7650 levels then we may see some loss booking initiating in the market, which may correct up to 7 level.7630-7600.
DATE
INDEX
OPEN
CLOSE
12-4-2016
Nifty
7580.25
7671.40
SUPPORT2 7620
SUPPORT 1 7650
HIGH 7712.85
RESISTANCE 1 7685
LOW 7533
RESISTANCE 2 7730
4
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (12/4/2016)}
BANK NIFTY BANK NIFTY SPOT : IN 14 DAYS UP BY 17%.WILL IT KISS 15960–16151-16381 ?NEXT 3 DAYS CRUCIAL.
MARKET OUTLOOK: - Reserve Bank Governor Raghuram Rajan said there is a need to make country's banking system more vibrant and to strengthen the markets. "We need to do a lot of things to make our banking sector more vibrant," Rajan said during an interactive session with Singapore's Deputy Prime Minister Tharman Shanmugaratnam at a Confederation of Indian Industry event in Mumbai.
DATE
INDEX
OPEN
CLOSE
12-4-2016
Bank nifty
15682
15896.05
SUPPORT 2 SUPPORT1 15820
15870
HIGH
LOW
15939.85
15480
RESISTANCE1
RESISTANCE2
16900
16960
5
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (12/4/2016)}
SUNPHARMA Sun Pharma gets USFDA nod for eye inflammation drug MARKET OUTLOOK: "As per IMS MAT January 2016, the US NSAID
ophthalmic market grew by 8 percent, generating approximately USD 400 million in sales and about 4 million prescriptions, providing an attractive market for Sun Pharma to participate," it added.
DATE
STOCK
CMP
OPEN
CLOSE
12-4-2016
SUN
817.10
823
817.30
HIGH 826
LOW 809.20
PHARMA
SUPPORT 2 800
SUPPORT1 810
RESISTANCE1 824
RESISTANCE2 832
6
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (12/4/2016)}
TATA STEEL TATA Steel UK admits to unfit testing & certification actions MARKET OUTLOOK: -.,
Tata Steel has admitted to finding certain inappropriate testing and certification procedures at its South Yorkshire-based Specialty Steels in an internal audit. Specialty Steels business of Tata Steel Europe is focused on offering carbon, alloy and stainless steels designed to meet the needs of some of the world's most demanding applications from aerospace, oil and gas and power generation to heavy good vehicles.
DATE
STOCK
CMP
OPEN
CLOSE
HIGH
LOW
12-4-2016
TATA STEEL
330.20
322
331.15
333.30
320.05
SUPPORT 2 SUPPORT1 322
328
RESISTANCE1 335
RESISTANCE2 340
7
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (12/4/2016)}
BHARTI AIRTEL MARKET OUTLOOK :- Acquires
4G spectrum rights from Aircel for 8 circles for Rs 3,500 crore -Acquires 4G spectrum for Tamil Nadu, Bihar, J&K, West Bengal, Assam circles -Acquires 4G spectrum for North East Andhra Pradesh, Odisha, Chennai circles -Right to use Andhra Pradesh, Odisha spectrum subject to revision of spectrum cap -Company to become Pan-India 4G operator post spectrum acquisition from Aircel -Acquires right to use 20 MHz, 2300 band 4G TD spectrum for 8 circle
DATE
STOCK
CMP
OPEN
CLOSE
HIGH
LOW
12-4-2016
BHARTI AIRTEL
347.40
341.45
348.25
350
341
SUPPORT 2 SUPPORT1 340
344
RESISTANCE1 352
RESISTANCE2 356
8
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (12/4/2016)}
DISCLAIMER The information contained here was gathered from sources deemed reliable however; no claim is made as to accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor should any examples presented be deemed as such. There is a risk of loss in equity trading and you should carefully consider your financial position before making a trade. This is not, nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as such. SAI PROFICIENT INVESTMENT ADVISORS does not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice. For use at the sole discretion of the investor without any liability on Sai Proficient Investment Advisors.
9